Stratasys (NASDAQ:SSYS) Issues FY 2022 Earnings Guidance

Stratasys (NASDAQ:SSYSGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $0.14-$0.19 for the period, compared to the consensus EPS estimate of $0.16. The company issued revenue guidance of $685.00 million-$695.00 million, compared to the consensus revenue estimate of $685.95 million.Stratasys also updated its FY22 guidance to $0.14-0.19 EPS.

A number of brokerages have issued reports on SSYS. StockNews.com began coverage on Stratasys in a research report on Thursday, March 31st. They issued a hold rating on the stock. TheStreet upgraded Stratasys from a d+ rating to a c- rating in a report on Wednesday, March 30th. Cross Research raised shares of Stratasys from a hold rating to a buy rating and set a $30.00 price objective for the company in a report on Thursday, February 24th. Lake Street Capital lowered their target price on shares of Stratasys from $40.00 to $29.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Stratasys from an underweight rating to a neutral rating and reduced their price target for the stock from $25.00 to $23.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $31.40.

Shares of SSYS traded down $0.20 during trading hours on Wednesday, hitting $19.10. 20,344 shares of the company were exchanged, compared to its average volume of 863,025. Stratasys has a 52 week low of $15.86 and a 52 week high of $42.83. The firm’s 50 day moving average is $21.99 and its 200-day moving average is $24.51. The company has a market cap of $1.08 billion, a PE ratio of -19.36 and a beta of 1.34.

Stratasys (NASDAQ:SSYSGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The technology company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Stratasys had a negative return on equity of 3.17% and a negative net margin of 10.21%. The firm had revenue of $167.02 million during the quarter, compared to analysts’ expectations of $165.03 million. During the same period last year, the firm posted $0.07 EPS. The business’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts expect that Stratasys will post -0.33 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in Stratasys during the 1st quarter worth approximately $10,325,000. State Street Corp boosted its position in shares of Stratasys by 4.8% during the first quarter. State Street Corp now owns 281,375 shares of the technology company’s stock worth $7,144,000 after purchasing an additional 12,862 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Stratasys by 12.4% in the 1st quarter. Invesco Ltd. now owns 51,562 shares of the technology company’s stock valued at $1,309,000 after buying an additional 5,689 shares during the period. Verition Fund Management LLC raised its stake in Stratasys by 55.9% during the 1st quarter. Verition Fund Management LLC now owns 33,127 shares of the technology company’s stock worth $841,000 after buying an additional 11,874 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Stratasys by 16.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 143,443 shares of the technology company’s stock valued at $3,643,000 after acquiring an additional 20,468 shares during the period. Institutional investors own 83.86% of the company’s stock.

Stratasys Company Profile (Get Rating)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.

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